Many Nebraskans wrestle with credit card, auto, payday, student and other debt types. Among the states, Nebraska ranks below average in terms of unemployment, with 2.7% of the labor force unemployed. About 10.8% of the population and 11% of families live in poverty.
The average Nebraskan has $4,819 in credit card debt, plus $144,565 of mortgage debt for homeowners. On average, 60% of Nebraskans have student loan debt – $31,919 worth to be precise. In 2022, approximately 2,589 Nebraskans declared bankruptcy. Fortunately for you, there are a number of Nebraska debt consolidation options to help you get free from debt.
So whether you live in Omaha, Lincoln, Bellevue, or somewhere in-between, take charge of your financial situation and consider consolidating your debt load.
The Best Debt Consolidation Companies in Nebraska
Finding a legit debt consolidation firm can be tough. We’ve done the research and picked the best debt consolidation firms in the state of Nebraska. Our criteria includes online reputation, breadth of services offered, and demonstration of expertise. All have at least an A rating with the Better Business Bureau.
Skrupa Law Office, LLC – Omaha
1850 S 72nd St
Omaha, NE, 68124-1704
(402) 571-2900
http://www.skrupalaw.com
Rating: 8.85/10
Skrupa Law Office, LLC
620 N 48th St
Lincoln, NE, 68504-3467
(402) 464-3311
http://www.skrupalaw.com
Rating: 8.96/10
GreenPath, Inc. – Omaha
8031 W Center Rd # 204
Omaha, NE, 68124-3134
(888) 776-6735
http://www.greenpath.com
Rating: 9.07/10
GreenPath, Inc. – Norfolk
1105 S 13th St # 205
Norfolk, NE, 68701-5767
(888) 776-6735
http://www.greenpath.com
Rating: 9.18/10
GreenPath, Inc.
5000 Central Park Dr Ste 204 # A-20
Lincoln, NE, 68504-3465
(888) 776-6735
http://www.greenpath.com
Rating: 9.29/10
Credit Advisors, Inc.
1850 S 72nd St
Omaha, NE, 68124-1704
(402) 393-3400
http://www.creditadvisors.com
Rating: 9.4/10
Nebraska Debt Statistics
| Total Debt | $1,809,126,000 |
| Debt Per Capita | $955 |
| Debt Per Capita Rank | 49 |
Source: World Population Review
Nebraska Credit Card Debt Statistics
| Average Credit Card Balance | $4,819 |
| Average Credit Score | 728 |
| Avg Credit Card Balance Rank (1 = Highest Balance) | 36 |
| Avg Credit Score Rank (1=Highest Score) | 5 |
Source: Experian
Mortgage Debt in Nebraska
| Mortgage Debt Per Capita | $144,565 |
| Avg 30 yr Mortgage Rate | 7% |
| Avg 15 yr Mortgage Rate | 6.25% |
| Median Home Value | $237,840 |
| Avg Outstanding Mortgage Debt | $139,719 |
| Difference Between Value and Mortgage Debt | $98,121 |
| Avg Homeowner FICO Score | 728 |
Source: Federal Reserve, Value Penguin, Experian
Payday Loan Debt in Nebraska
| Payday Loan Legal Status | Prohibited |
| Max Payday Loan Amount | 500 |
| Max Payday Loan Term | N/A |
| Max Payday Loan APR | 36% |
Since then, every payday lender has shut down in the state.
Source: Nebraska Government Website
Unemployment and the Economy of Nebraska
| Poverty Rate – Population | 10.80% |
| Poverty Rate – Population – Rank | 6 |
| Poverty Rate – Family | 11% |
| Poverty Rate – Family – Rank | 3 |
| Unemployment Rate (December 2022) | 2.7 |
| Unemployment Rank | 6 |
| GDP Growth | 2.2 |
| GDP Growth Rank | 33 |
Source: US Census, Bureau of Labor Statistics
Student Loan Debt in Nebraska
| Percent of Population with Student Loans | 54% |
| Average Student Loan debt | $25,750 |
| Average Debt of New Graduates (2017-18) | $26,422 |
| Average Debt Rank | nan |
| Percent of Graduates with Debt (2017-18) | 55% |
| Percent with Debt Rank | nan |
| Usable Institutions (BA-Granting) | 8 |
| Percent of Graduates at Schools with Usable Data | 48% |
| Nonfederal debt of graduates, as percent of total debt | 16% |
| Fall enrollment – Undergraduate total (IPEDS) | 110,862 |
| Tuition and Fees (in-district/in-state) | $11,991 |
| Total Cost of Attendance (on-campus) | $26,156 |
| Percent of Institutional Grants that are Need-Based | 59% |
Source: Value Penguin, TICAS
Cost of Living in Nebraska
| Annual Mean Wage (All Occupations) | $55,676. |
| Median Monthly Rent | $1,009 |
| Value of a Dollar | $1.10 |
| Cost of Living | 93.9 |
| Cost of Living Rank | 24 |
| Grocery Cost Index | 91.6 |
| Housing Cost Index | 76.8 |
| Utilities Cost Index | 91.1 |
| Transportation Cost Index | 97.7 |
| Miscellaneous Cost Index | 93.3 |
Source: World Population Review